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DryShips Inc. DRYS

DryShips Inc is engaged in the shipping industry in the United States. The company operates as a provider of dry bulk commodities transportation services for the steel, electric utility, construction and agri-food industries. It operates through the dry bulk carrier and offshore support services divisions. Through this division, it operates as a provider of offshore support services to the offshore energy industry. The company owns a fleet of Panamax dry bulk vessels, Newcastlemax dry bulk vesse


NDAQ:DRYS - Post by User

Comment by ufoolmeon Apr 22, 2017 9:51pm
121 Views
Post# 26153669

RE:RE:New shares

RE:RE:New sharesShare prices move from demand or lack of it.  If there is more demand than shares available, then the price will go up.  If there are more shares for sale than there are bidders, then it will go down.  Sheer volume is not the complete answer.  This is a traders stock, so many of the people who buy these shares are betting on a quick price move one way or another for a small profit.  If you do this enough times, it becomes profitable.  And no, the company does not need the approval of shareholders to do a reverse split. This is entirely in the hands of the board of directors.   A reverse split is NOT a dilution of stock.  It just reduces the number of shares outstanding.  This is normally done when the price falls so low as to risk delisting on stock exchanges.  As well, many funds are restricted from owning shares of a company that fall below a certain dollar value, so they reverse split the shares to make each share worth a larger dollar amount.  Sorry to hear you are down, but I would suggest you sell on any short term rally, take your loss, and move on.  This is an extremely risky stock.  Whether the company will continue to operate is questionable given their past 3 year historical data.  Is there a chance it might rebound?  Of course, but it's all about risk.  If you are down 25% and worried about it, sell on a rally, be down 15% and learn from the experience.
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